DORAL, FL--(NewMediaWire - Dec 8, 2014) - In Ovations Holdings,
Inc. (OTC
PINK: INOH) has concluded negotiations and due
diligence and has entered into a sales and marketing agreement
with Regulon, Inc. ("Regulon") for the marketing and sale of
Regulon's anti-cancer therapies. The parties will leverage
INOH's access to markets including the Caribbean in order to
broaden the awareness and sale of their cancer detection and
treatment products. The global cancer market was $75-80
billion in 2013. Sales of platinum-based chemotherapy drugs
(cisplatin, carboplatin, oxaliplatin) were $2.6 bn (in seven major
pharmaceutical markets) in 2008.
Regulon designs and produces the following anti-cancer drugs:
LipoPlatin™, LipoXal™, LipoVil-12™. Regulon has developed a unique
liposome encapsulation technology applicable to drugs such as
cisplatin, a cytotoxic agent, small molecules, peptides, proteins
and viruses aiming at improving human lives and reducing the side
effects of chemotherapy known to exacerbate the quality of life of
cancer patients. Regulon is currently engaged in active
sales.
Recent studies showed that platinum-based chemotherapy drugs
share is growing. The platinum drug market is anticipated to
increase tremendously after cisplatin, a cytotoxin agent, is
replaced by Regulon's LipoPlatin™. Regulon is a private
biopharmaceutical company committed to the discovery and
development of nano-pharmaceutics in oncology which has raised over
$30,000,000 in the private marketplace in countries including
Greece, Cyprus, Austria, Turkey, Korea, Brazil, Taiwan, Israel, and
Lebanon.
Teni Boulikas, PhD., President and CEO of Regulon, stated:
"After establishing a solid base in Europe and breaking into the
Asian market, we are pleased to partner with INOH. We view this
relationship as symbiotic, offering INOH's clients cancer solutions
from detection to treatment. We look forward to the
introduction of Regulon's products to the Caribbean markets."
Mark Goldberg, Co-CEO of INOH, added: "After the recent phase of
technology acquisition by INOH culminating in the launching of
sputum cytology products, developed by Mel Ehrlich, Ph.D., reaching
end-users is our primary goal." Co-CEO Rosendo Alvarez, III added,
"We are thrilled to enter this association with Regulon and to
augment our companies' offerings to purchasers of cancer-related
technologies. The mutual introduction to additional markets is the
beginning of a new phase with significant growth potential for both
companies."
INOH's recently formed Medical Advisory Committee http://inovationsholdings.com/medical-advisory-board/ is
a an integral part of its oversight of these projects.
A comprehensive evaluation of INOH's sputum cytology technology
appears on its website: http://inovationsholdings.com/cytometry/
Regulon's comprehensive corporate and scientific profile can be
viewed at http://www.regulon.org/
Background
INOH continues to pursue several potential business
opportunities outside of the cancer-related field. Its subsidiary,
Electro Verde, Inc., markets, in conjunction with Coordinated
Systems International, the patented GradiLuxtm Total Lighting
System Solution which can reduce electricity consumption and carbon
emissions in municipal lighting systems worldwide. The Company is
also engaged in a Caribbean-based marine-related eco-tourism and
ocean search and recovery. It is a minority owner of Atmospheric
Water Solutions, a company involved in water
purification. INOH is also engaged in identifying and engaging
in other opportunities for purposes of diversification and revenue
generation.
Safe Harbor Statement:
Under the Private Securities Litigation Reform Act of 1995: This
press release may contain certain statements that are not
descriptions of historical information, but are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These forward-looking statements refer to matters that involve
risks and uncertainties. Such statements reflect management's
current views and are based on certain assumptions. Actual results
could differ materially from the assumptions currently
anticipated.